FUNDO DE INVESTIMENTO IMOBILIARIO APEX MALLS FII (BSP:APXM11) Selling, General, & Admin. Expense: R$2.84 Mil (TTM As of Dec. 2025)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
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Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

BSP:APXM11 FUNDO DE INVESTIMENTO IMOBILIARIO APEX MALLS FII BSP:APXM11
14 GF Score
Price R$64.78
! 2 Warning Signs
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What is FUNDO DE INVESTIMENTO IMOBILIARIO APEX MALLS FII Selling, General, & Admin. Expense?

FUNDO DE INVESTIMENTO IMOBILIARIO APEX MALLS FII BSP:APXM11 +0.12% 14 Selling, General, & Admin. Expense is R$2.84 Mil as of Dec. 2025. GuruFocus rates BSP:APXM11 with a GF Score™ of 14/100. The stock has 2 warning signs investors should review.

Selling, general, & admin. expense (SGA) includes the direct and indirect costs and all general and administrative expenses of a company. FUNDO DE INVESTIMENTO IMOBILIARIO APEX MALLS FII's selling, general, & admin. expense for the six months ended in Dec. 2025 was R$2.84 Mil. Its selling, general, & admin. expense for the trailing twelve months (TTM) ended in Dec. 2025 was R$2.84 Mil.


FUNDO DE INVESTIMENTO IMOBILIARIO APEX MALLS FII  (BSP:APXM11) Selling, General, & Admin. Expense Explanation

An efficient operation keeps SGA costs low and thus has higher profit margin. The percentage of SGA relative to total revenue is an indication of how efficiently the company operates. Compare this percentage among the companies in the same industry is a good way of finding more efficient operations. A comparison of the SGA cost relative to the revenue with the historical value can also be an indication of how efficient the company has become.

Warren Buffett likes companies with consistent SGA as the percentage of gross profit.

Companies with no durable competitive advantage show wild variation in SG&A as % of Gross Profit.

If SGA is less than 30% of Gross Profit, it is fantastic. If SGA is nearing 100%, it is is in highly competitive industry.


FUNDO DE INVESTIMENTO IMOBILIARIO APEX MALLS FII Selling, General, & Admin. Expense Related Terms


FUNDO DE INVESTIMENTO IMOBILIARIO APEX MALLS FII Selling, General, & Admin. Expense Historical Data

* Premium members only.

The historical data trend for FUNDO DE INVESTIMENTO IMOBILIARIO APEX MALLS FII's Selling, General, & Admin. Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

FUNDO DE INVESTIMENTO IMOBILIARIO APEX MALLS FII Selling, General, & Admin. Expense Chart

FUNDO DE INVESTIMENTO IMOBILIARIO APEX MALLS FII Annual Data
Trend Dec22 Dec23 Dec24 Dec25
Selling, General, & Admin. Expense
0.00 1.06 1.96 2.84

FUNDO DE INVESTIMENTO IMOBILIARIO APEX MALLS FII Semi-Annual Data
Dec22 Dec23 Dec24 Dec25
Selling, General, & Admin. Expense 0.00 1.06 1.96 2.84

BSP:APXM11 vs SPG, O, KIM: Selling, General, & Admin. Expense Comparison

For the REIT - Retail subindustry, FUNDO DE INVESTIMENTO IMOBILIARIO APEX MALLS FII's Selling, General, & Admin. Expense, along with its competitors' market caps and Selling, General, & Admin. Expense data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


FUNDO DE INVESTIMENTO IMOBILIARIO APEX MALLS FII Selling, General, & Admin. Expense vs REITs Industry

For the REITs industry and Real Estate sector, FUNDO DE INVESTIMENTO IMOBILIARIO APEX MALLS FII's Selling, General, & Admin. Expense distribution charts can be found below:

* The bar in red indicates where FUNDO DE INVESTIMENTO IMOBILIARIO APEX MALLS FII's Selling, General, & Admin. Expense falls into.


BSP:APXM11
14GF Score
FUNDO DE INVESTIMENTO IMOBILIARIO APEX MALLS FII BSP:APXM11
Selling, General, & Admin. Expense is just one metric. See GF Score™, valuation, warning signs, and more.
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FUNDO DE INVESTIMENTO IMOBILIARIO APEX MALLS FII Selling, General, & Admin. Expense Calculation

Selling, General, & Admin. Expense (SGA) includes the direct and indirect costs and all general and administrative expenses of a company. For instance, personnel cost, advertising, rent, communication costs are all part of SGA.

For stock reported annually, GuruFocus uses latest annual data as the TTM data. Selling, General, & Admin. Expense for the trailing twelve months (TTM) ended in Dec. 2025 was R$2.84 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

What does a Selling, General, & Admin. Expense of R$2.84 Mil mean?
FUNDO DE INVESTIMENTO IMOBILIARIO APEX MALLS FII (BSP:APXM11) has a Selling, General, & Admin. Expense of R$2.84 Mil as of Dec. 2025. Selling, general and admin expense is the total cost for direct, indirect, general and administrative activities. View historical data on FUNDO DE INVESTIMENTO IMOBILIARIO APEX MALLS FII and its competitors.
Is FUNDO DE INVESTIMENTO IMOBILIARIO APEX MALLS FII's Selling, General, & Admin. Expense too high?
FUNDO DE INVESTIMENTO IMOBILIARIO APEX MALLS FII's current Selling, General, & Admin. Expense is R$2.84 Mil. Overall, FUNDO DE INVESTIMENTO IMOBILIARIO APEX MALLS FII has a GF Score™ of 14/100, reflecting its overall financial health beyond just this single metric.
How does FUNDO DE INVESTIMENTO IMOBILIARIO APEX MALLS FII's Selling, General, & Admin. Expense compare to SPG and O?
FUNDO DE INVESTIMENTO IMOBILIARIO APEX MALLS FII's Selling, General, & Admin. Expense of R$2.84 Mil can be compared against companies in the REITs industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Selling, General, & Admin. Expense for a REITs company?
A good Selling, General, & Admin. Expense depends on the REITs industry context. However, Selling, General, & Admin. Expense should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Selling, General, & Admin. Expense mean?
A high Selling, General, & Admin. Expense can signal that a stock is expensive relative to its fundamentals. Selling, general and admin expense is the total cost for direct, indirect, general and administrative activities. View historical data on FUNDO DE INVESTIMENTO IMOBILIARIO APEX MALLS FII and its competitors. FUNDO DE INVESTIMENTO IMOBILIARIO APEX MALLS FII's current Selling, General, & Admin. Expense is R$2.84 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is FUNDO DE INVESTIMENTO IMOBILIARIO APEX MALLS FII stock overvalued right now?
FUNDO DE INVESTIMENTO IMOBILIARIO APEX MALLS FII (BSP:APXM11) has a current Selling, General, & Admin. Expense of R$2.84 Mil. The current Selling, General, & Admin. Expense is R$2.84 Mil. FUNDO DE INVESTIMENTO IMOBILIARIO APEX MALLS FII's overall GF Score™ is 14/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Selling, General, & Admin. Expense calculated?
Selling, General, & Admin. Expense is calculated from a company's financial statements. For FUNDO DE INVESTIMENTO IMOBILIARIO APEX MALLS FII (BSP:APXM11), the current Selling, General, & Admin. Expense is R$2.84 Mil as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

FUNDO DE INVESTIMENTO IMOBILIARIO APEX MALLS FII Business Description

Industry Real EstateREITs
Address Praia de Botafogo, 501 - 6th Floor (part, Torre Corcovado, RIO DE JANEIRO, RJ, BRA, 22250040
FUNDO DE INVESTIMENTO IMOBILIARIO APEX MALLS FII was established as a condominium. The Fund's objective is to invest in real estate ventures, in completed properties, land, or properties under construction intended for exploitation of commercial activities, especially, but not limited to, shopping centers.
14GF Score

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Selling, General, & Admin. Expense is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

R$64.78
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